Iraq is Far from Bankruptcy and Stabilizing its Economy

Iraqi Dinar 123 News:- On Wednesday, an economic expert Zuhair Al Rubaie said in a press statement that Iraq has a large amount of cash reserves including Gold reserves. The Iraqi Prime Minister Haider Al Abadi confirmed earlier that Iraq is not a bankrupt state and its economy is growing rapidly. He said rumors are saying that Iraqi treasury is moving towards bankruptcy. He stressed that coming period will show the powerful strength in its economic condition.

A member of the Iraqi Parliamentary Finance Committee Masood Haider said that Iraqi oil exports are increasing day by day and Iraq is reducing its financial crisis and moving towards betterment for its economy. He confirmed that Iraq has sold more than 3.7 billion dollars crude oil in the month of March 2015. He further said that Iraqi cash reserves are now 60 billion dollars except the gold reserves.

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